Payments News

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Deals

Nabis raises $5m Series A to grow its cannabis distribution platform

October 16 2020

“Nabis is a business to business distributor, handling logistics, payment, and warehousing. Instead of being a distributor for beer, snacks, or pet supplies, Nabis is a cannabis distributor. The company acts as a middleman between cultivators and retail establishments, providing both parties unique services. Since it’s illegal to ship cannabis through traditional means, most cannabis […]
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Deals

Chargebee Raises $55 Million to Help Businesses Move to Subscriptions

October 7 2020

“Chargebee allows individuals, small businesses and enterprises to automate subscriptions, billing, invoicing, payments and revenue recognition processes. It supports dozens of popular payment gateways, including Stripe, Braintree, WorldPay and PayPal, and its global tax management coverage also helps businesses to expand to new markets. MakeSpace, an on-demand storage company, used Chargebee’s services to scale from […]
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Use

‘Buy Now Pay Later’ Is Having a Moment As Pandemic Changes Shopping Habits

July 13 2020

“Australia’s largest tech company by market capitalization—about $13.5 billion—Afterpay is expanding across the U.S. through deals with retailers including Anthropologie and Free People. Since the Australian market bottomed on March 23, its stock has risen more than ninefold, while 1.6 million new U.S. users started spending through its technology over the past four months.  Afterpay […]
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Companies

Walmart’s U.S. Boss Expects Coronavirus to Alter Shopping Permanently

May 22 2020

“When John Furner became chief executive of Walmart Inc.’s WMT -0.53% U.S. operations last year, the biggest challenge was Amazon.com Inc. AMZN -0.40% Now Mr. Furner—who began his career at the company in 1993 as an hourly store worker and most recently led Walmart’s Sam’s Club—is leading the largest business unit at the country’s largest retailer during […]
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Use

Whole Foods Is Restricting Cash Payments in Some Stores

April 28 2020

“Amidst concerns over the ongoing spread of the coronavirus , at least one national grocery chain has begun limiting the use of cash in some stores.Last Friday, reports began to surface on social media of Whole Foods stores restricting or even eliminating cash payments. The grocers’ move comes as health experts cited by CBS warn […]
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Global

Online Cannabis Marketplace Dutchie Now Taking Visa, Mastercard Payments In Canada

April 17 2020

“In an exclusive conversation online cannabis marketplace operator Dutchie revealed it has been quietly processing Visa and Mastercard payments in Canada since Thursday, April 9, enabled by a partnership with secure payment solutions provider Merrco. While cannabis is federally legal in Canada – unlike the U.S., implementing digital and/or contactless payment solutions continues to pose a […]
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Use

Instagram founder launches gift card site for quarantined restaurants

March 20 2020

Coronavirus quarantines are hurting local businesses, but Instagram  co-founder Mike Krieger  wants to help them keep revenue rolling in. Krieger and his wife Kaitlyn this week launched SaveOurFaves, a directory of Bay Area restaurants selling gift certificates to offset lost income amidst “shelter in place” orders across the region. Users can search for restaurants or browse by neighborhood, and then […]